AFD - 2019 Universal registration document

AFD’S ANNUAL FINANCIAL STATEMENTS Notes to the financial statements at 31 December 2019

NOTE 19 Assets and liabilities in foreign currencies (1)

December b 2019

December b 2018

In thousands of euros

Amount of assets denominated in foreign currencies (2) Amount of liabilities denominated in foreign currencies (2)

9,593,054 7,936,026

9,020,434 7,956,627

(1) Excluding IMF transactions and off-balance sheet hedging transactions, as these transactions offset balance sheet positions. (2) In principle, these foreign-currency positions are offset by forward fi nancial instruments recorded off-balance sheet.

NOTE 20 Interest and related income

December b 2019

December b 2018

In thousands of euros

Interest and income on transactions with credit institutions (1)

502,234 301,119

457,512 263,964

Interest on loans

Interest on short-term investments

3,453

2,279

Income from forward financial instruments

197,661 569,777 20,597 17,276 617,760 617,760 3,321

191,269 532,854 23,286 18,858 572,891 572,891 4,428

Interest and income on transactions with customers (1) Interest and income on bonds and other fixed-income securities

Short-term investments Investment securities

Other interest and similar income Income from forward financial instruments

TOTAL 1,586,542 (1) The amount of net reversals of provisions for interest on doubtful loans, adjusted for losses on interest on bad loans, was €5,894K at 31 Ǿ December Ǿ 2019 compared with €3,912K at 31 Ǿ December Ǿ 2018. 1,710,367

Collectivités Pacifique

In thousands of euros

DOM

Étranger

Breakdown of revenue by geographic area: i.e. total revenue of €926,798 Ǿ thousand

114,234

1,810

810,755

NOTE 21 Interest and related expenses

December b 2019

December b 2018

In thousands of euros

Interest and expenses on transactions with credit institutions

743,353

695,916

7

Interest on accounts payable

3,492

4,379

Expenses on forward financial instruments

739,862

691,536

Interest on borrowings

-

-

Interest and expenses on transactions with customers

522 522

26 26

Interest on subordinated debts

Other interest and expenses on transactions with customers Interest and expenses on bonds and other fixed-income securities Interest on interbank market securities and negotiable debt securities

-

-

599,420

546,130

-1,648

-1,305

Interest on bonds

598,968

545,557

Interest on lowest-ranked subordinated debt Other interest and similar income Expenses on forward financial instruments

2,100 -1,326 -1,326

1,878

13,923 13,923

Interest on allocated public funds

-

-

TOTAL

1,341,969

1,255,994

193

UNIVERSAL REGISTRATION DOCUMENT 2019